Reinsurance News
Xceedance
Duck Creek announces Xceedance inclusion as premier reinsurance partner
20th February 2024
Duck Creek Technologies, a P&C solutions provider, has welcomed Xceedance, an insurance-focused consulting, technology and data provider, as an inaugural ecosystem partner for reinsurance. Xceedance has been a longstanding collaborator with Duck Creek, having already partnered with three of its reinsurance global customers in Australia, the UK, and the US. As an ... Read the full article
Xceedance launches MGA Agility Suite led by industry veteran Parcelli
8th February 2024
Xceedance, a global provider of strategic operations support, technology, and data services for insurance organisations, has launched its MGA Agility Suite aimed to enhance digital capabilities for program administrators in the Americas. Industry veteran Michael Parcelli is to lead the initiative as Senior Vice President and Head of the managing general ... Read the full article
There must be a significant focus on generative AI testing: Xceedance
1st February 2024
Xceedance, a global provider of strategic operations support, technology, and data services for insurance organisations, has said that there must be a "significant focus" on generative AI (Gen AI) testing, due to many insurers receiving great results from machine learning, automating tasks in claims and underwriting. However, the company warns, that ... Read the full article
Xceedance names Peter Flynn as SVP, Personal Lines, Americas
17th January 2024
Xceedance, a prominent global provider of strategic operations support, technology, and data services for insurance organisations, has announced the appointment of Peter Flynn as Senior Vice President, Personal Lines, Americas. This strategic move underlines Xceedance's dedication to delivering exceptional value to personal lines insurance organisations. Flynn, with an impressive 25 years of ... Read the full article
Xceedance establishes Center of Excellence for Generative AI
19th October 2023
Xceedance, a prominent global provider of strategic operations support, technology, and data services for insurance organisations, has announced the establishment of a Center of Excellence for Generative AI. This initiative signifies a substantial commitment to advancing high-ROI generative AI applications throughout the insurance value chain, the company said. Arun Balakrishnan, CEO of ... Read the full article
Xceedance’s on-demand cat modelling services to support reinsurers during renewal times
11th October 2023
Global technology and digital solutions provider, Xceedance is now offering on-demand catastrophe modelling resources to support reinsurers during peak renewal times. In the lead up to a renewal, reinsurers see a significant increase in their catastrophe modelling team’s workload because of higher demands in deal pricing, coverage considerations, renewal comparisons, and ... Read the full article
Xceedance names Praveen Pachaury SVP of Technology and Digital
22nd August 2023
Global technology and digital solutions provider, Xceedance, has announced the appointment of Praveen Pachaury as the company's new Senior Vice President of Technology and Digital. In his new role, Pachaury will be responsible for leading the worldwide technology and digital practice, driving innovation in the insurtech sector, and enhancing digital returns ... Read the full article
Xceedance names Amit Tiwari president, EMEA & APAC
8th August 2023
Xceedance, a global provider of technology and digital solutions to the insurance industry, has announced the promotion of Amit Tiwari to the new role of president, EMEA & APAC. According to the announcement, this new position expands on Tiwari’s previous responsibilities as EVP, chief operating officer – India and ... Read the full article
AI adoption will help identify the winners in re/insurance: Xceedance CEO
4th August 2023
Artificial intelligence (AI) will disrupt how re/insurance organizations do business. The industry must embrace it as the technology will help deliver better, faster, more accurate, and cost-efficient outcomes, Xceedance CEO Arun Balakrishnan noted in a recent interview with Reinsurance News. “If people believe this is a choice, they are wrong because ... Read the full article
Xceedance promotes Travis MacMillian to President, Americas
16th May 2023
Xceedance, a global provider of technology and digital solutions, has promoted Travis MacMillian to the new role of president, Americas. In his new role, MacMillian will leverage his more than 30 years of leadership in the North American insurance industry, which includes six years of executive leadership within Xceedance, to increase ... Read the full article
Xceedance makes investment in India-based Vitraya Technologies
3rd March 2023
Re/insurance service provider Xceedance, together with a consortium of investors, has invested a total of $4.1 million in Vitraya Technologies, an India-based technology platform that enables automated claims decision-making for insurers and real-time payouts to providers. Arun Balakrishnan, CEO at Xceedance, commented, “The work Vitraya Technologies is doing to enable claims ... Read the full article
SiriusPoint’s Nicole Mitchell appointed to Xceedance board of directors
10th February 2023
Re/insurance service provider, Xceedance has announced the addition of Nicole Mitchell to its board of directors. As a member of the board, her responsibilities will include providing strategic guidance for the organisation as well as setting and measuring organisational goals for continued global expansion. Mitchell currently serves as the chief enterprise architect ... Read the full article
Xceedance opens new international offices to fuel growth
16th September 2022
Xceedance has announced the opening of its newest office locations in Worcester, Massachusetts, USA, and Bengaluru, India, in support of the company’s ongoing international growth. The Massachusetts office serves as the company’s global headquarters and contains the organization’s print and call centres. Xceedance suggests the new office reflects the company’s significant ... Read the full article
It’s now “imperative” that re/insurers deploy smart tech: Davies, Xceedance
14th September 2022
Current geopolitical instability, staffing woes, and inflationary pressures are forcing the insurance industry to dramatically improve its operational efficiency through smart technology, says Justin Davies, Head of EMEA at re/insurance service provider, Xceedance. The insurance and reinsurance industries, like other businesses and consumers all over the world, are struggling with a ... Read the full article
Xceedance to provide actuarial and analytics services to Extraordinary Re
5th August 2022
Re/insurance service provider, Xceedance has announced that Extraordinary Re, a platform for the daily training of insurance liabilities, will adopt its actuarial and analytics services. Xceedance will support disciplined underwriting and furnish ongoing, market-relevant information in support of Extraordinary Re’s insurance contracts platform. This decision has been taken as, according to the ... Read the full article
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